Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Sure. Final question, Mr. Moran, and it's on the issue of the advice that the Department would have been giving to the Minister on fiscal policy and, as you say on page 8 of your witness statement, the Department did give advice to the Minister in terms of the pro-cyclical nature of budgetary policy. But then you ... you cite some of the criticisms in the Wright report:

...it is critical of the fact that the tone of warnings did not escalate, that warnings were given within the framework of the Budget memoranda but not much beyond that and that advice was given to the Minister orally without a record being kept. This is on balance a fair comment.

Can you just clarify what your reference to advice being given orally to the Minister is? I assume that's outside of the budget strategy memo and, secondly, the budgetary strategy memo is ... under the old budgetary cycle was around June, as I understand it-----